Practice

Your bathroom needs a major repair due to a plumbing leak under your bathtub and you decide it is a good time to renovate it. Everything is dated, the toilet tank is cracked, the faucets leak, and the tiles are an unappealing avocado green. The tub must be destroyed in order to fix the leak. You have worked out a budget after pricing new tiles, tub, vanity, sink, and toilet, and getting a quote from the workmen who will install them. The problem is that you don't have $2,500 sitting around to pay for the job.

After doing some brainstorming, you come up with three possible solutions:

1. charge everything on a credit card

2. take out a home equity loan

3. have just the plumbing repair done now, which costs $700, and wait to do the rest of the job later

How should you proceed?

Friendly Persuasion

Friendly Persuasion

To do this successfully you need to build a clear path of action by using tools if necessary. These tools would be facts, evidence and stories which you know they can relate to. Plus you always want to have their best interests at heart, in other words, you know what is good for them

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